$3,563 Closing Credit*
$300,000
1,247 SqFt
2 Beds
•1 Full Bath
Ronald M Burkhart, Listing Office: Coldwell Banker Realty
Is East Hempfield Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, East Hempfield Township has remained a Seller's Market.
Key Takeaway
East Hempfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Hempfield Township, PA
How much do homes in East Hempfield Township, PA cost?
Median Sold Price
$390,091
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,556(+3.9%)
Key Takeaway
Homes in East Hempfield Township have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in East Hempfield Township was $390,091 in October 2024, up 3.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $287.5K | $337.9K | +17.6% |
| 3 Bedrooms | $330K | $361.9K | +9.7% |
| 4 Bedrooms | $455K | $460K | +1.1% |
| 5+ Bedrooms | $571K | $725K | +27.0% |
Summary: East Hempfield Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Cities
| East Petersburg | $316K | $355K | +12.3% |
| Lancaster Township | $298.2K | $315.4K | +5.8% |
| Manheim Township | $369.9K | $389.9K | +5.4% |
| East Hempfield Township | $375.5K | $390K | +3.9% |
| Landisville | $414.9K | $395K | -4.8% |
Housing Supply in East Hempfield Township, PA
How many homes are available in East Hempfield Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 73 | +25.9% |
Summary: The East Hempfield Township real estate market had 73 homes for sale in October 2024, a 25.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 9 | +125.0% |
| 3 Bedrooms | 29 | 33 | +13.8% |
| 4 Bedrooms | 22 | 28 | +27.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The East Hempfield Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 125%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Hempfield Township, you could pay more than the asking price. 48% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in East Hempfield Township in October 2024, up by 66.7% month-over-month. Of the 25 sold homes, 16% were sold under asking, 36% were sold at asking, and 48% were sold over asking.
Days on Market for East Hempfield Township, PA
How long does it take to sell a home in East Hempfield Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 28 Days | +148.0% |
Summary: Homes in East Hempfield Township had an average of 28 days on market in Oct 2024, up by 148% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Hempfield Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in East Hempfield Township; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
